Just about everyone and their mother understands Cannon Exploration Inc (CNEX) is a an outright fraud. Whether you look at PinkSheets.com displaying a skull and cross bones with the tagline “Caveat Emptor” next to its stock quote, its now $470 … Continue reading
Tag Archives: Bad Trades
How I Broke My Rules And Lost Short Selling A Fraud, Cannon Exploration Inc (CNEX)
May 13, 2008 at 1:18 pm
by timothysykes
TIM 6 Month Review: Earn 47% While The Markets Drop 10%
May 1, 2008 at 2:57 am
by timothysykes
Yup, that’s right, tiny, loud mouthed, mistake-celebrating TIM just busted a cap in the ass of the joke that is the financial industry by implementing my own brand of PennyStocking, or short selling penny stocks, a niche that’s supposedly random/akin … Continue reading
Stop Shorting Penny Stocks Randomly, This Isn’t CNBC, I Want You To Profit!
April 23, 2008 at 2:21 pm
by timothysykes
I’m seeing a lot of comments/emails from people re-shorting these pump and dumps waaaay late in the game, just because they missed profiting from the initial dump. Here’s a tip—STOP! Yes, these companies are all crap (okay, okay 99.9%, but … Continue reading
Stop Shorting Penny Stocks Randomly, This Isn't CNBC, I Want You To Profit!
April 23, 2008 at 2:21 pm
by Timothy Sykes
I’m seeing a lot of comments/emails from people re-shorting these pump and dumps waaaay late in the game, just because they missed profiting from the initial dump. Here’s a tip—STOP! Yes, these companies are all crap (okay, okay 99.9%, but … Continue reading
First Quarter 2008 Review: Earn 21% Every 3 Months And You’ll Live A Happy Life
April 12, 2008 at 3:06 pm
by Timothy Sykes
Coming off my best week since I started TIM 5+ months ago ($900-ish profits), it’s good to review past successes and mistakes. Without further ado, I give you the first quarter of 2008 in a nutshell, where TIM used small … Continue reading
First Quarter 2008 Review: Earn 21% Every 3 Months And You'll Live A Happy Life
April 12, 2008 at 3:06 pm
by Timothy Sykes
Coming off my best week since I started TIM 5+ months ago ($900-ish profits), it’s good to review past successes and mistakes. Without further ado, I give you the first quarter of 2008 in a nutshell, where TIM used small … Continue reading
I Had A Rough Day aka No Playboy Centerfolds For Me :(
March 24, 2008 at 4:57 pm
by timothysykes
COIN’s $1 spike at the open makes me feel better about covering too early last week, gotta be careful with momo plays in this sneakily-emerging bull market. MALL and VVTV displayed the exact same kind of forced buying Thursday into … Continue reading
Yup, Even A $12 Loss Offers Important Trading Lessons
March 21, 2008 at 2:04 pm
by Timothy Sykes
Why bother detailing a $12 loss? Because every trade matters, the good, the bad and the scratches. Important lessons are everywhere… Shorting 400 COIN at $8.78 right before the market close on Wednesday turned out to be a good idea. … Continue reading
Timothy Sykes Is Sssssssso Ssssssstupid!
February 27, 2008 at 4:51 pm
by timothysykes
TIM $15,688, Down $140, You Can Do So Much Better Than Me! Ahhhhhhhhhhhh what a stupid, stupid, stupid loss, I feel like this guy: The beautiful thing about PennyStocking is that you don’t have to scan through thousands of stocks … Continue reading
Lack Of Patience And Discipline Causes Trading Losses
February 26, 2008 at 1:43 pm
by timothysykes
TIM $15,470 Down $115 Despite me being so gung ho telling people not to short Converted Organics (COIN) all day yesterday, I saw the fluff news this morning coupled with a lack of incredible volume, so I shorted 300 shares … Continue reading